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Industry
May 16, 2024
Ethics Complaint Filed by Nassau College Teachers over $120K Lobbying
The expansion of casino gambling in New York captured the attention of major operators within the industry. The competition is fierce as there are only three downstate licenses up for grabs and many more operators that have already submitted plans and reaffirmed their intention to secure one of the coveted licenses. Supporters of the proposed […]
Sports
May 9, 2024
NY Fantasy Sports Market Set for Overhaul with Sen. Addabbo’s Bill Proposal
New York Sen. Joseph Addabbo Jr. made a bill proposal on May 7, which aims to change the betting market for fantasy sports in New York. Supported by sports celebrities such as former New York Yankees star Tino Martinez and Super Bowl champion David Tyree, the proposal is trying to address regulatory gaps while also […]
Sports
April 30, 2024
DraftKings Takes the Cake in New York in a Single Week
The data shows that DraftKings was able to pull in a total of $27.3 million in terms of sports gambling revenue, half of the market total more or less. DraftKings posted a hold level of 14.6% on the $187.1 million wagered with the platform during the week and set a new record for itself. DraftKings […]
Legal
April 22, 2024
Cayuga Nation Takes NYSGC to Court over IGRA Violation
The Cayuga Nation was not amused to find lottery tickets being sold on its reservation. As a result, the tribe is taking the New York State Gaming Commission (NYSGC) to court. The tribal nation learned that lottery tickets were being sold on its reservation in the Finger Lakes region, violating its exclusive right to offer […]
Industry
April 19, 2024
Mafia Gambling Ringleader Pleads Guilty in New York City
An alleged associate of the Genovese organized crime family of La Cosa Nostra pleaded guilty to running an illegal gambling operation generating proceeds for the crime family earlier this week. The criminal case involved Salvatore Rubino, nicknamed “Sal the Shoemaker,” who collaborated with other members of the family and operated an illegal gambling ring from […]
Sports
April 19, 2024
NY Gambling Regulator Supports NCAA’s Call for Nationwide Prop Bet Ban
Amid the expansion of sports betting across the United States, prop bets, wagers that allow gamblers to place bets on different parts of a football game or the performance of specific athletes for example, rather than the outcome of the whole game, have been gaining popularity. Besides popularity among bettors, prop bets have gained notoriety, […]
Casino
April 19, 2024
NYC City Council Approves Zoning for Casino Legalization
New York State previously announced its plans to introduce three new downstate casino licenses. One of those licenses is expected to be awarded for New York City and there are plenty of leading gaming operators and developers who have already shown interest. Overall, there are nine bids for a casino license for the Big Apple. […]
Casino
April 18, 2024
Las Vegas Sands Discusses New York Licensing and Thailand’s Gaming Outlook
During Las Vegas Sands’ first-quarter earnings call, CEO Rob Goldstein addressed both setbacks in New York‘s licensing process and the company’s interest in Thailand‘s gaming potential, shedding light on its strategic outlook amidst evolving market dynamics. Las Vegas Sands Faces Extended Timelines in New York In response to delays in New York’s casino licensing, Goldstein […]
Industry
April 12, 2024
Wynn’s Hudson Yards Office-Casino Proposal Faces Community Board Opposition
In September 2022, Wynn Resorts and Related Companies joined forces in an effort to pursue a casino license in New York. The duo selected Western Yards at Hudson Yards for the site of the ambitious project. New York is expected to award a total of three new downstate casino licenses so the interest in the […]
Business
April 8, 2024
Genting Promises $1B in Taxes if Granted a Downstate NY License
As the battle for the three downstate casino licenses in New York continues, Resorts World New York’s owner, Genting Malaysia, has made a huge promise. According to the casino company, its property in the Empire State could create as much as $1 billion in annual taxes, if allowed to launch Vegas-style casino gaming. Resorts World […]
